Apple posted another record-breaking set of quarterly results yesterday, helped along by some impressive sales numbers for the Mac and iPhone.

Net profit rose to $7.7bn from $6.9bn in the same quarter last year, while sales rose to $37.4bn from $35.2bn. Gross margin, a number on which investors keep a very close eye, rose to 39.4% from 36.9%.

iPhone sales rose to 35.2m from 31.2m, an increase of 13% year-on-year, while Mac sales were up 18%, to 4.4m from 3.8m. The one blot on the balance sheet was a second successive year-on-year drop in iPad sales, which fell by 9%, to 13.3m from 14.6m.

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